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anastassius [24]
2 years ago
9

It is generally harder to transfer one's ownership interest in a partnership than in a corporation. a. True b. False

Business
1 answer:
siniylev [52]2 years ago
7 0

There are different kinds of business. It is generally harder to transfer one's ownership interest in a partnership than in a corporation is a True statement.

<h3>Why is it harder to transfer one's ownership interest in a partnership?</h3>

Partnerships and proprietorships are known to have a tax advantage when compared to corporations. It is therefore harder to transfer one's ownership interest in a partnership than that of an corporation.

Ownership in a corporation is said to be usually transferred through the sale of stock. A change in ownership is known to not affect the presence of the corporation.

learn more about Partnerships  from

brainly.com/question/25012970

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Which of the following is NOT an employer responsibility stated in OSHA’s Bloodborne Pathogens Standard?
blondinia [14]
C. Take minimal precautions
4 0
3 years ago
On January 1, 2016, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and insta
VikaD [51]

Answer:

B. $6,000

Explanation:

The computation of the annual depreciation expense under the straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)  

= ($41,000 - $5,000) ÷ (6 years)  

= ($36,000) ÷ (6 years)  

= $6,000

The original cost is computed below:

= Purchase value + transportation and installation cost

= $40,000 + $1,000

= $41,000

8 0
3 years ago
On April 17, 2014, Naughton Ltd. received an order from a customer for a delivery to be made in May 2014. Naughton Ltd. does not
Sloan [31]

Answer:

There is no entry to be made on April 17, 2014

Explanation:

Following The accrual principle - an accounting concept that requires accounting transactions to be recorded in the time period in which they actually occur, rather than the period in which the cash flows related to them occur or the transaction are received.

On April 17, 2014, Naughton Ltd. received an order from a customer for a delivery to be made in May 2014 and the delivery does not occur yet on that day. I should be occur in May 2014.

Therefore, there is no entry to be made on April 17, 2014. In May, when the company finish delivering, the entry would be made:

1. Debit Cash (or Accounts Receivable) $11,000

Credit Revenue $11,000

2. Debit Cost of goods sold  $7,500

Credit Cash $7,500

8 0
3 years ago
How does the free-enterprise system discourage entrepreneurs who waste resources?
Len [333]

The  free-enterprise system discourage entrepreneurs who waste resources because They can't make a profit and are forced out of business.

<h3>What is free-enterprise system?</h3>

Free enterprise can as well be described as the  free market or capitalism, which is a  economic system that is been  driven by supply and demand.

In this Private businesses as well as the  consumers control the marketplace , however  free-enterprise system discourage entrepreneurs who waste resources because They can't make a profit and are forced out of business.

Learn more about free-enterprise system at:

brainly.com/question/3369578

#SPJ1

6 0
1 year ago
Lego Company has used the FIFO method since it began operations in 2023. Lego changed to the weighted average method in 2026. Th
Viktor [21]

Answer:

c. $14,000 increase

hope it helps

mark me as brainloeast

5 0
3 years ago
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